Taxpayers in India must now navigate a narrowed October 31 deadline for audit-related tax filings for the assessment year 2026-27, highlighting the importance of understanding the nuanced filing calendar and penalties for late submissions amid evolving tax laws. With 31…
New reporting cycles introduced by the Reserve Bank of India mean borrowers must settle missed payments swiftly, as even small delays now impact their credit records more immediately than ever before. A missed repayment of ₹500 may look too minor…
The Senior Citizens Savings Scheme (SCSS) in India continues to pay an attractive 8.2% interest rate through September 2026, with a raised deposit maximum of ₹30 lakh, offering stable quarterly income but with notable rules on access and tax implications.…
The Employees’ Provident Fund Organisation is ramping up efforts to identify and regularise employers operating provident fund trusts without proper exemption orders, offering a six-month amnesty window ending on 28 December 2026 amid stricter tax recognition rules. EPFO is stepping…
Workers who leave employment before retirement age can still benefit from EPF interest accumulation until age 58, according to official guidance, impacting early retirees and those taking career breaks. For workers who leave salaried employment well before the usual retirement…
India’s tax authorities shift from simple filing reminders to rigorous enforcement, including notices, searches, and revamped reporting standards for virtual digital assets, highlighting a widening compliance gap amid evolving regulations. India’s warning to crypto investors has moved beyond general filing…
The Reserve Bank of India has imposed fines totalling ₹45.32 lakh on five financial institutions, signalling a stricter crackdown on administrative and compliance lapses across the credit sector, affecting credit bureaus, non-bank lenders, and NBFCs. The Reserve Bank of India…
Telangana’s LPG consumers receive a reprieve with an extended e-KYC deadline until September 7, amid widespread delays and digital hurdles, as the government prepares for the final enforcement phase nationwide. Domestic LPG consumers using Indane, Bharat Gas and HP Gas…
The Delhi High Court has called for the CBDT to clarify how bonuses and performance-linked payments to partners should be taxed, highlighting wider concerns over double taxation and compliance following recent changes in Indian tax law and regulations. A routine…
The Hyderabad bench clarifies that claiming relief under section 54F is not barred by the number of residential units or minor planning deviations, marking a significant shift in tax exemption interpretations. The Hyderabad bench of the Income Tax Appellate Tribunal…
A Hyderabad consumer commission has ordered an insurer to refund Rs 10 lakh and pay compensation to a retired professor after ruling that she was unfairly denied meaningful free-look rights due to incorrect address documentation and misleading sales practices. A…
The Bombay High Court has mandated the State Bank of India to pay Rs 5,000 daily from December 2023 until it reconstructs lost property title papers for a Mumbai firm, highlighting the enforcement of recent RBI rules on document retention…
